Online jobs portal, Aasaanjobs, has raised around $5 million in a round led by George Soros-backed Aspada Investments and with participation from existing investors including IDG Venture Capital India.
“The company would use the funds to automate its online recruitment marketplace and expand to new cities. The company would set up operations in Pune and Delhi in the first quarter and Bengaluru in the second quarter of 2016,” said Aasaanjobs CEO Dinesh Goel in a release.
In January 2015, Aasaanjobs had raised about $1.5 million from IDG Ventures India and Kanwal Rekhi-backed Inventus Capital Partners.
Founded in November 2014 by IIT Bombay alums Goel, Gaurav Toshniwal and Kunal Jadhav, AasaanJobs competes with the likes of Bengaluru-based BabaJobs Service, which owns BabaJobs.com and Info Edge-backed Naukri.
“It will be exciting to see how the team manages to mould a “workplace of the future“ by leveraging technology.The unstructured nature of recruitment as a space means there is an opportunity for disruption,“ said Kartik Srivatsa, managing partner of Aspada Investments.
AasaanJobs caters to both, blue collar and white collar candidates, as well as employers and recruitment agencies, and claims to have about 160,000 job seekers currently on its platform.